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Acquisitions

3 Months Ended

Mar. 31, 2012

Acquisitions [Abstract]

Acquisitions

(9) Acquisitions.

Southern Bullion Trading, LLC. On September 14, 2011, the Company completed its acquisition of Southern Bullion Trading, LLC, in exchange for the issuance of 600,000 restricted shares of the common stock of DGSE.

The total purchase price has been allocated to the fair value of assets acquired and liabilities assumed as follows:

Intangible assets		$	3,412,896
Property and other assets			902,807
Inventory			3,429,711
Liabilities assumed			(2,308,557	)
Total purchase price		$	5,436,857

The operating results of SBT have been included in the consolidated financial statements since the acquisition date of September 14, 2011. The amount of SBT's revenue and earnings has been estimated in the proforma below through the three months ended 2011:

		Revenue				Earnings
Actual from SBT 1/01/2011 to 3/31/2011		$	7,121,222			$	673,403

The revenue and earnings of the combined entity had the acquisition date been January 1, 2011 are:

		Revenue				Earnings
Three months ended 2011 Combined entity proforma		$	30,091,685			$	868,710

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- Definition

The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings.

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